>> yeah, you might remember hearing in the election that president obama was haollowing out the military, they were going to prevent the hundreds of millions of cuts that president obama was going to put in. these were not new cuts we were talking about. this is all about the sequester, which is a policy that paul ryan voted for as part of the budget control act. republicans from paul ryan to mitt romney all the way on down spent most of the election in 2012 arguing that the sequester would be a complete disaster, because of what it would do to the military. now they're saying, after they lost the election and after the retreat, that absolutely, they don't mind the sequester at all, it's no big deal, they're happy to let it happen if democrats don't move. in that way, it's become a somewhat transparent bluff, which doesn't mean the bluff won't be called and we won't have the sequester. one thing i should say about the sequester, it's bad policy. >> what do you think is going to happen? >> i don't think it will happen for very long. i think it might happen for a year or two. but i think i